Mike_Bocon

Mike_Bocon

Possible head and shoulders pattern forming. If my count is correct this trade should play out. I am waiting for a break down followed by a correction to confirm before any position is taken.

Mike_Bocon

Possible Flat or Triangle developing. We have a nice short possible. Wait for confirmation.

Mike_Bocon

Could continue uptrend for several more months, however I see this current uptrend as a corrective structure with a big wave 3 drop to come late this year or next. Alternate wave count suggests we could drop from current level so as always wait for confirmation.

Mike_Bocon

Hey guys, looks like we have an impulse from the bottom, and a flag currently forming. If this pair takes off, it has the potential to go 750 pips to the upside...Now that move may take some time, but if you can get in on the break we have a nice 1:14 R:R long term trade set up. And like I always say, WAIT FOR CONFIRMATION...Best of luck.

Mike_Bocon

Hey guys, I posted a short for this pair back on March 26th, if you missed the short then, here we have an opportunity to enter the trade. We still have another 450 pips or so to the bottom so there is still lots of money to be made on this pair. If you take this trade, I highly recommend WAITING for the breakdown before entering. Best of luck.

Mike_Bocon

Hey guys, I'm looking to short AUDUSD...The risk reward potential is just too yummy for me to pass up. A bit risky, but I'm willing to take the chance and since I'll only be risking one half of one percent of my account, taking a loss on this won't hurt me in anyway...Number 1 rule in trading? Risk management. Best of luck.

Mike_Bocon

Hey guys, risky entry here on the EURUSD with a tight stop, but the 1:12 R:R is looking mighty tempting. Remember, don't copy anyone else's trades. Have your own trading plan in place, which MUST include risk management. Risk management/Money management strategies are far more important than any other aspect of a trading plan (in my opinion). I will be looking to...

Mike_Bocon

Hey guys, I posted two JPY pairs last week, and I warned you to WAIT FOR CONFIRMATION. If any of you bought EURJPY or CHFJPY you would have taken a loss. This week I'm looking at USDJPY to break bullish. Again and I can't stress this enough...WAIT FOR CONFIRMATION...Don't try to be a hero and predict the bottom. Listen to the market, don't try to tell it what to...

Mike_Bocon

Hey guys, here is my take on this pair. Look for buy set up based on your trading plan. Best of luck.

Mike_Bocon

Hey guys, if you check out the chart I posted last week on this pair, it played out exactly as I predicted it would. Now I believe we have started the next impulse down. Wait for the flag to complete and then sell the break down...Doing so will give us a 1:8 R:R as a FIRST target. This pair has the potential to drop much further. Don't want to miss this one if it...

Mike_Bocon

Hey guys, this is my take on the GBPCAD, I believe we had an impulse highlighted on the left. I think we are forming a bullish triangle with the "e" wave about to start. I am not interested in the short as a swing trade, because stops need to be above "b" wave giving us a R:R of about 1:1.5 which does not fit my trading plan. I may consider day trading this "e"...

Mike_Bocon Updated 

Hey guys, similar to the EURUSD we are waiting for confirmation to go long or short. My suspicion is that we will be going short, I'll post an update explaining why.

Mike_Bocon Updated 

Hey guys, I am looking for confirmation on a buy set up. If lower trend line is broken I will not be taking any positions. Little bit of advice, make sure you have an entry and exit strategy BEFORE you take any positions.

Mike_Bocon

Very similar set up to EURJPY, WAIT FOR CONFIRMATION before entering. Best of luck.

Mike_Bocon

Hey guys, I'm expecting a BIG move to the upside, however we may have a little more bearishness before that up move, so be careful! Wait for confirmation on this trade.

Mike_Bocon

I'm expecting another wave up however, I am prepared to sell if we break the lower trend line and form a correction. Just waiting for confirmation. Don't gamble guys, wait for the market to tell you which way to go. Best of luck.

Mike_Bocon

Don't think I'll be taking this trade myself, but I'm curious to see how this plays out. Description on the chart.

Mike_Bocon

Hey guys, I'm currently short this pair but will be looking to go long near the lower trend line. I will be waiting for bullish confirmation before entering long such as breakout, correction, then enter. I will be targeting around the 1.56000 area if this structure holds.